Pre-market analysis

1)Nifty closed at 11073.45 down 0.26% and banknifty closed at 21646.05 down 0.03%.

2)Global markets closed in green on friday.

3)Today, US and Europe futures are trading mixed and asian markets opened mixed and sgx nifty future is trading at 11035.50 down 0.62%.

4) We may open gap down of around 50-60 pts and follow global futures as the day progresses. We are already above 11k mark now. 11k is psychological support for bulls now,next psychological support would be 10800.

5)Support and resistance for Nifty and Banknifty  for intraday.
6)Nifty option pain is at 11100 and banknifty option pain is at 21600.

7)Nifty may trade between 11000 and 11500 and banknifty may trade between 21000 and 23000 for this week.this are very strong support and resistances as per oi chain.

8)Results today 
9)Stocks in news.

Govt Introduced PLI scheme for 5 years to boost local production
Govt Gets commitments to make mobile phone, parts worth Rs11.5 lakh cr
Domestic value addition will grow from to 35-40% from 15-20%

Auto stocks
Auto sales are positive

BANDHAN BANK 
Promoters to sell up to 20.9% eq in via block deal today
Floor price for share sale in set at 311.10/sh

Godrej Prop. mahindra life, sunteck
Mumbai Property Registration gathers pace, July 
Collection in June rs 169cr ;Feb Rs 470 cr
Total number of documents registered in July stood at 21,311 in Mumbai.  e-registration of leave & license ranked the highest at 12,000 deeds


10)Results

TATA MOTORS Q1FY21- YOY
Consol
Rev dn 48% at 31983cr vs 61466cr ( est 36200cr )
EBITDA dn 76% at 682cr vs 2858cr ( est 2600cr loss )
LOSS of 8443cr vs loss of 3679cr ( est loss of 9400cr )
Operating no better than expected. 

UPL Q1
NP At up 93.3%551Cr vs  Vs 285 Cr (est 556 Cr  )  Rev dn 0.9% At 7,833 Cr  Vs 7,906Cr (est 8,444 Cr)      
EBITDA up 29.3% At 1704 Cr Vs 1318 Cr (Est 1,606 Cr )         
EBITDA Margin At 21.8% Vs 16.7% (est 19%)   

Tata Chemicals - Q1FY21-YoY -- BAD
PAT dn 67% at 74cr vs 226cr
Rev dn 9% at 2348cr vs 2584cr
EBITDA dn 30% at 360cr vs 515cr
OPM at 15.3% vs 19.9%

IOL Chemicals : Q1FY21-YoY-- GOOD
PAT up 49% at 127cr vs 85cr
Rev dn 6.6% at 460cr vs 493cr
EBITDA up 5% at 152cr vs 145cr
OPM at 33% vs 29.4%

Dr LAL PATH LAB Q1FY21YOY - BAD
PAT dn 52% at Rs.28.4cr vs 59.1cr (Poll at 19cr)
Rev dn 21% at Rs.266cr vs 335cr. (Poll at Rs.250cr)
EBITDA dn 49% at Rs.48cr vs 95cr (Poll at Rs.35cr)
Margins at 18.2% vs 28.4% (Poll at 14%)

11)Happy Trading

12)Follow our telegram channel 'Optionstraders' for calls on equity and options.

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